Canadian asset manager Manulife Asset Management on Wednesday launched a wholly-owned investment business in Shanghai and welcomed Beijing’s steps to raise limits on foreign ownership in the finance sector. Last Friday, China said it planned…
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Morgan Stanley is upbeat about China’s ‘new economy with scale’
Morgan Stanley is bullish on China as IPO activity picked up The investment bank is talking to more than a hundred companies, including “new economy” businesses Aside from the changing mix of firms with which…
Tencent-backed Yixin’s IPO is Hong Kong’s 10th hottest ever as investors eye China’s online car sales growth
Yixin Group, China’s largest online car retailer, has priced its highly-anticipated initial public offering at the upper end of the price range to raise a total HK$6.77 billion (US$870 million), as investors eye the rapid…
Time to revive Hong Kong’s enviable IPO past
“To boost Hong Kong’s status as a centre for IPOs requires regulators, intermediaries and investors to work together to build an ecosystem that can attract companies which represent the ‘new China’ story,” says Houston Huang,…
IPO of Tencent-backed Sogou part of China tech’s offshore M&A push
The New York initial public offering of Chinese search engine Sogou has put the company in prime position to buy foreign artificial-intelligence start-ups, the chief executive said. The Tencent-backed company raised $585m in its debut…
Amazon agrees to sell its cloud business in China for $300 million
Amazon has agreed to sell its China web services business to Beijing Sinnet Technology Co. for $300 million. Beijing Sinnet began operating the services in August 2016. (Reuters) – Amazon.com Inc’s Chinese partner, Beijing Sinnet…
China’s economy cools as government curbs hit factories, property and retailers
China’s economy cooled further last month, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory pollution. Beijing is already in the second…
China premier says will protect South China Sea freedom of navigation
BEIJING (Reuters) – China will firmly safeguard freedom of navigation and overflight in the South China Sea, Premier Li Keqiang said on Tuesday at a regional summit in Manila, state news agency Xinhua reported. “Li…
Global shares mixed, China data disappoints
CHINA WATCH: China’s industrial value-added output expanded … The euro strengthened to $1.1691 from $1.1656. AP Business Writer Yuri Kageyama can be reached at https://twitter.com/yurikageyama Her work can be found at https://www.apnews.com/search … ( read…
China and Vietnam agree to ‘maintain peace and stability’ in disputed South China Sea
Hoang Dinh Nam/Pool Photo via AP China and Vietnam released a joint statement saying that they would work together to maintain “peace and stability” in the South China Sea. Chinese President Xi Jinping met with…
How to Make $90,000 in One Day From Hong Kong’s IPO ATM : Gadfly
How to make HK$700,000 ($90,000) in one day? It’s not as hard as you might think: More than 250 investors just did exactly that by buying into China Literature Ltd.’s initial public offering. IPOs are…
Razer rallies 18pc in Hong Kong trading debut after US$528m IPO
China Literature, and Yixin Group. The company, run by Singapore entrepreneur Tan Min-Liang, its co-founder, CEO and executive director, will receive net proceeds from the IPO of HK$3.9 billion. “We feel excited about it [listing…
SAS enjoys China’s growing market, innovation
Lisi, who was part of US President Donald Trump’s business delegation to China last week, said in an exclusive interview with chinadaily.com.cn in Beijing that the visit was positive and he expects China and US…
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